Nuveen Taxable Municipal Income Fund
NBB
63 hedge funds and large institutions have $146M invested in Nuveen Taxable Municipal Income Fund in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
9% more funds holding
Funds holding: 58 → 63 (+5)
8% more capital invested
Capital invested by funds: $134M → $146M (+$11.3M)
2.3% more ownership
Funds ownership: 24.44% → 26.74% (+2.3%)
5% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$8.87M |
| 2 |
Janus Henderson Group
London,
|
+$5.29M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
+$3.57M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.04M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$573K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.09M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.47M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.45M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$578K |
| 5 |
UR
USCA RIA
Houston,
Texas
|
-$549K |
NBB Hedge Fund Activity: Q2 2018 in Review
63 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q2 2018, worth a combined $146M — up 8.4% from $134M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NBB positions and 3 closed out — a net gain of 5 holders — while 21 added to existing stakes and 20 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $8.87M. The largest seller was Morgan Stanley, cutting an estimated $3.09M.
- 63 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q2 2018, up from 58 in Q1 2018.
- Funds reported $146M of Nuveen Taxable Municipal Income Fund stock for Q2 2018, up 8.4% quarter-over-quarter.
- 8 funds opened new Nuveen Taxable Municipal Income Fund positions in Q2 2018 and 3 closed out, a net change of +5 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q2 2018 was Sit Investment Associates, an estimated $8.87M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q2 2018 was Morgan Stanley, an estimated $3.09M sold.
Based on aggregated 13F filings for Q2 2018.